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Just two years ago Forbes estimated Tom Hicks’ net worth to be $1.3 billion. Today that figure stands at about $700 million as the former billionaire may become the first team owner to get to no equity from the sale of three trophy sports franchises. Hicks bought MLB’s Texas Rangers in 1998 for $250 million and sold them in August for $593 million. But all of the premium went to creditors of Hicks Sports Group, the baseball team’s holding company. In 2007, Hicks and his partner, George Gillett, purchased Liverpool for 219 million pounds and sold the soccer club last month for 300 million pounds. But again, all of the capital appreciation went to pay off debt. Hicks bought the NHL’s Dallas Stars for $84 million in 1995. This summer the team and HSG’s 50% stake of American Airlines Center were appraised at between $275 million and $300 million. But the price has been falling because lenders have grown tired of funding the team’s losses and there are now six other NHL teams for sale. If Hicks sells the Stars and his share of the arena for between $240 million to $250 million, as is now expected, he will yet again get no equity because of the debt HSG has tied to the team. In the case of Hicks’ sports empire, debt giveth, and debt taketh away.

Django Unchained is terrific! See it on a big XD screen if you can. QT at his best..

That and Zero Dark Thirty are tops on my list to see now. The only thing is, I wish they would have had someone else besides Andy Dwyer, Chris Pratt from Parks and Rec, to be one of what looks like the main characters. Hard to see him as the serious Navy Seal type after seeing most of the characters he plays.